Gold prices steady ahead of Fed decision; weekly weakness noted
Investing.com -- US stock futures edged higher Friday, but were on course for weekly losses amid trade tariff uncertainty ahead of key unemployment data.
Here are some of the biggest premarket US stock movers today:
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Broadcom (NASDAQ:AVGO) stock rose 10% after the chipmaker assuaged investor worries about artificial intelligence infrastructure demand with a strong second-quarter forecast.
- Hewlett Packard Enterprise (NYSE:HPE) stock slumped 20% after the AI-server maker said its annual profit forecast would be hit by U.S. tariffs in an intensely competitive market.
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Super Micro Computer (NASDAQ:SMCI) shares fell 0.5% despite the embattled server maker submitting long-awaited financial filings to the Securities and Exchange Commission.
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Gap (NYSE:GAP) stock surged 16% after the apparel company beat fourth-quarter sales and profit estimates, as the retailer’s turnaround strategy helped attract customers to its apparel brands including Old Navy and Banana Republic during the holiday quarter.
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Costco (NASDAQ:COST) stock dipped 1.6% after the wholesale retailer reported lower-than-anticipated fiscal second-quarter profit, although revenues topped expectations, as consumers wary of the potential inflationary impact of U.S. tariffs turned to bulk-buying.
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Walgreens Boots Alliance (NASDAQ:WBA) stock jumped 6.4% after the pharmacy chain agreed to be taken private by Sycamore Partners for $10 billion, ending nearly a century of trading on public markets for the U.S. pharmacy giant.
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Jack In The Box (NASDAQ:JACK) stock gained 1.6% after the fast-food outlet reported strong fiscal first-quarter operating earnings.
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Workday (NASDAQ:WDAY) stock rose 0.1% after the manufacturer of human resources software beat fourth-quarter earnings expectations.